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"Most people make bad decisions because they are so certain that they’re right that they don’t allow themselves to see that better alternatives that exist." — Ray Dalio

Overnight

Alice Munro, prolific short-story author and Nobel Laureate, dies at 92 (WSJ)

China threatened to take “all necessary actions” to defend its trade rights after President Biden announced new tariffs on a range of Chinese imports (Semafor)

Senate Majority Leader Chuck Schumer, along with Sens. Todd Young, Martin Heinrich, and Mike Rounds, released their roadmap to regulate artificial intelligence (US)

Musk’s xAI nears $10 billion deal to rent Oracle’s AI servers (TI)

OpenAI’s chief scientist Ilya Sutskever, a former foe of CEO Altman, resigns the Microsoft-backed startup for a new project (TI)

Nvidia’s Jensen Huang gets 60% pay bump (WSJ)

Boeing breached a 2021 deferred prosecution agreement that prevented the company from facing charges over fatal 737 Max crashes, the Justice Department said (CNBC)

Billionaire tech critic Frank McCourt says he plans to bid to buy TikTok and turn it into a better version of itself (Semafor)

Welsh Carson escapes FTC pric...

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